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Market
Will the Federal Reserve issue an official report on cryptocurrencies by mid-2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official publications and announcements from the Federal Reserve
Story
Fed Chair Powell Labels Bitcoin a Speculative Digital Gold, Not a Threat to U.S. Dollar
Dec 4, 2024, 07:47 PM
Federal Reserve Chair Jerome Powell stated at the DealBook Summit on December 4, 2024, that Bitcoin is a digital competitor to gold rather than to the U.S. dollar. He described Bitcoin as a speculative asset that is highly volatile and noted that people are not using it as a form of payment or store of value. Powell emphasized that Bitcoin is not a threat to the dollar but is similar to gold, only digital.
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Similar markets
Neutral • 25%
Restrictive • 25%
Supportive • 25%
No official stance • 25%
Yes • 50%
No • 50%
Fully allowed • 25%
Under consideration • 25%
Remain prohibited • 25%
Allowed with restrictions • 25%
No decision made • 25%
Approve and begin purchases • 25%
Approve but delay purchases • 25%
Reject the proposal • 25%